Wednesday, May 12, 2010
MathTerror... we're sorry but the numbers you've reached have been logically disconnected
'We are the fools of Europe'
'History is a set of lies agreed upon.'
'And you will know the truth, and the truth will make you free.'
- John 8:32
WSJ : The European Union picked 440 billion euros as the size of the rescue fund because the sum of 440 billion euros and 60 billion euros available initially from an EU emergency fund "sounds nice", a European Commission official said with half a smile. Even better, said another, when the IMF's portion is included, the bailout would be rendered by the American press as $1 trillion.
Forbes: In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy. “It’s not based on any particular data point,” said a Treasury spokeswoman, “We just wanted to choose a really large number.”
And that folks is the new Goldilocks world economy in the new normal - wild ass guesses promulgated to save civilization on the basis of 'sounds just right.'
Better to guess up than fess up I suppose.
Snarkiness is running aground on the shores of institutionalized fraudulent conveyance that is becoming so ridiculous that one can only stare in Gaga'd disbelief...
To wit, WSJ: 'April marked the 27th consecutive month in which small businesses either shed more or the same number of jobs that they added, according to a monthly survey to be released Tuesday by the National Federation of Independent Business, a trade group in Washington, D.C. Since July 2008, employment per firm has fallen steadily each quarter, logging the largest reductions in the survey's 35-year history. Going forward, more small-business owners say they plan to eliminate jobs compared with those that expect to create new jobs over the next three months. The latest study was conducted during the month of April and reflects responses from 2,197 U.S. small-business owners.'
Compare and contrast that with the Bureau of Laborious Statistics Birth Death Model creating 188,000 small business jobs....
Oh but it gets even wackier..
Monday's The King Report : 'For April the fabricators at the BLS have ‘men, 16 years of age and older’ gaining 456,000 jobs. But ‘women, 16 years of age and older’ gained only 94k jobs. This is impossible!!! This is the fourth straight month of impractical imbalance of job gains between the sexes.'
To wit, as mentioned here on March 8th : "the Federales Household Survey showed that this month (Feb.) the category of 'Men 16 years and older' accounted for 297,000 of the 308,000 jobs gain and last month (Jan.) 'Women 20 years and older' produced 529,000 of the 541,000 jobs gain. Dude, stats happen! Don't blame the soothsaya."
Last month the King report revealed, 'Once again we see chicanery in the March Employment because the Household Survey shows a gain of 264k jobs but ‘Men 20 years & over’ accounted for a 290k job gain. ‘Women 20 years & over’ lost 42k jobs. This is absurd!'
What will be the title of the April Household Survey? 'Stats from Mars, B$%#*&@t from Venus?'
Well they didn't choose that appellation although well they should have especially in light of yet another tragedy- per Reuters; 'The Agriculture Department said 39.68 million people, or 1 in 8 Americans, were enrolled for food stamps during February, an increase of 260,000 from January.'
Sadness layered upon madness served up to a hamster-wheeled populace.
And those of us that cry for reason before farce are left to muse until the dancing stops.
The road ahead seeming to fork between destroy the middle class now (wafting asset values with the gentle lubricant of debasement) or destroy the middle class later (deflation being the midwife of hyperinflation where the path to $5000 gold goes through $500.)
A burnt offering to the tribes and their machinations.
The Black Swan, when it isn't being blamed for its' prescience, synthesized as the hope upon hope of just muddling through.
I fear that we will see things in the near term that we would have never ever imagined could ever happen.
Unless of course Santa Claus, the Easter Bunny, the Tooth Fairy, and a requisite choir of angles, descends down to present us with fusion, teleportation, room temperature superconductors or the like to further enable the game...
Someday this war is gonna end.
MathTerror... we're sorry but the numbers you've reached have been logically disconnected..